DislikedExactly, less of a demand for Australian basic materials would hurt their economy seeing how it is soo dependent on China to buy their exports.Ignored
We live in a finite world with infinite possibilities.
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AUD Trade Balance and AUD Retail sales 6 replies
DislikedExactly, less of a demand for Australian basic materials would hurt their economy seeing how it is soo dependent on China to buy their exports.Ignored
DislikedIndeed.... Soooo with Expectation at 20.4B, any number ABOVE 20.4B means their China's Export increased and Import Decreased... (Chinese Imports = Australian's Export).Ignored
DislikedDont like them one bit, Chart price is not the same as actual price... you got fix spreads meaning at high volatility they will put slippage so your order gets filled FURTHER than you expected...
But the best part is i dont have swap charges on me.... sooo i just try to deal with it.Ignored
DislikedDont like them one bit, Chart price is not the same as actual price... you got fix spreads meaning at high volatility they will put slippage so your order gets filled FURTHER than you expected...
But the best part is i dont have swap charges on me.... sooo i just try to deal with it.Ignored
DislikedYes and any number lower means less Aussie goods bought which wont be good for its currencyIgnored
DislikedDo those problems combined with no swap charges mean you use them for shorts only?Ignored
DislikedNo ur mixing it up.... HIGHER NUMBER means LOWERED AUSTRALIAN EXPORTS....
Trade Balance (China) = (Chinese Export - Chinese Imports)
SO the fact that Trade Balance is Positive say 20.4Billion means Chinese is Exporting more than Importing... BAD NEWS for Australia... Because Chinese IMPORTS = AUSTRALIAN EXPORTS
Now if that Number Increases, means MORE BAD NEWS for Australia....
SO for Bears, EXPECT BAD news when Trade Balance is ABOVE 20.4, Better yet... ABOVE the Previous 26.7B would be Best way to kill a the australian bulls.Ignored
DislikedNo ur mixing it up.... HIGHER NUMBER means LOWERED AUSTRALIAN EXPORTS....
Trade Balance (China) = (Chinese Export - Chinese Imports)
SO the fact that Trade Balance is Positive say 20.4Billion means Chinese is Exporting more than Importing... BAD NEWS for Australia... Because Chinese IMPORTS = AUSTRALIAN EXPORTS
Now if that Number Increases, means MORE BAD NEWS for Australia....
SO for Bears, EXPECT BAD news when Trade Balance is ABOVE 20.4, Better yet... ABOVE the Previous 26.7B would be Best way to kill a the australian bulls.Ignored
DislikedNot sure it's that simple. I agree that China imports relate to Australian exports but the headline number is only a balance. 20B balance can be the result of 200B Exports & 180B imports or of 30 & 10. Larger numbers with same balance is better for Australia. Can also be that some look and see good number for China and equate that to good for Australia (longer term view as if balance is healthy they are more likely to not cut back on imports....)
So lesson 1. Look beyond the headline number
Lesson 2. Get confirmation that the price action is reacting...Ignored
Dislikedits Asia session dude.... it doesnt need a movement to move up or move down....
BUT im still bearish....Ignored
DislikedHey brother one quick little correction. Im just saying this to help fellow traders in here in knowing how to properly utilize "risk-on" and risk-off" while trading.
Always remember that we are trading an instrument comprised of two different currencies. Each currency is sensitive to different things.
In each trade we take it is our job as traders to understand which currency is driving the move. This is what the importance of understanding correlating pairs and analyzing correlated markets comes in.
Risk-on and risk-off are...Ignored
Dislikedboth long and shrot can be success full , all depends on target , s/l and how strong is your heartIgnored
DislikedYou are absolutely right! It all depends on the individuals style of trading...
(Day, Swing, Position)
It's all about personal preference and what works for you.Ignored
DislikedPersonally 1.03 and 1.0330 are my last lines of defense fo my bearish move, however im glad to see it topped out yesterday at 1.0290 happens to be my big lot short there tooIgnored